Burgundy Asset Management Ltd. Trims Stake in eBay Inc. (NASDAQ:EBAY)

Burgundy Asset Management Ltd. lessened its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,522,625 shares of the e-commerce company's stock after selling 149,767 shares during the quarter. Burgundy Asset Management Ltd. owned about 0.32% of eBay worth $94,327,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in EBAY. Golden State Wealth Management LLC purchased a new position in shares of eBay during the 4th quarter worth $27,000. Orion Capital Management LLC purchased a new position in shares of eBay in the 4th quarter worth $27,000. Itau Unibanco Holding S.A. purchased a new position in shares of eBay in the 4th quarter worth $33,000. New Wave Wealth Advisors LLC purchased a new position in shares of eBay during the 4th quarter worth about $36,000. Finally, Transce3nd LLC purchased a new position in shares of eBay during the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 87.48% of the company's stock.

eBay Stock Up 0.7%

eBay stock traded up $0.52 during mid-day trading on Tuesday, reaching $72.44. The stock had a trading volume of 4,285,539 shares, compared to its average volume of 4,972,472. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a fifty-two week low of $51.38 and a fifty-two week high of $72.94. The stock's 50-day simple moving average is $67.25 and its 200-day simple moving average is $65.98. The firm has a market capitalization of $33.39 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30.

eBay (NASDAQ:EBAY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.34 by $0.04. eBay had a return on equity of 30.97% and a net margin of 19.68%. The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the company earned $1.25 earnings per share. The company's revenue for the quarter was up 1.1% on a year-over-year basis. On average, sell-side analysts forecast that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 1.60%. eBay's payout ratio is presently 27.62%.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 7,500 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total transaction of $497,625.00. Following the sale, the chief executive officer now directly owns 590,108 shares in the company, valued at approximately $39,153,665.80. The trade was a 1.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 3,958 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the sale, the senior vice president now owns 94,392 shares in the company, valued at approximately $6,329,927.52. The trade was a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 280,650 shares of company stock worth $19,637,729 over the last ninety days. 0.64% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on EBAY. JMP Securities reissued a "market perform" rating on shares of eBay in a research report on Thursday, May 1st. Stifel Nicolaus boosted their price objective on shares of eBay from $61.00 to $62.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Susquehanna upped their price target on shares of eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Benchmark upped their price objective on shares of eBay from $65.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Wells Fargo & Company upped their price objective on shares of eBay from $62.00 to $63.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, eBay presently has an average rating of "Hold" and a consensus target price of $67.42.

eBay Company Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.